Been looking back through Bitcoin’s previous cycles and there’s an interesting pattern worth watching 🚨

In Cycles 1, 2 and 3, once BTC topped out, price eventually retraced into the deeper 0.618–0.786 Fib area before finding its cycle low and starting the next major move higher.
- The timing and price action were different each time, but the broader structure was pretty similar.
- If you apply that same Fib setup to Cycle 4 (NOW), the equivalent area sits roughly between $57k and $39k.
That doesn’t mean BTC has to drop there, or that history is guaranteed to repeat. This cycle could play out completely differently. (But similarities are starting to show again...historically were now 80% of the way through the bear market with the final capitulation around the corner)
I’ve just used the same method on all four charts to see how the current cycle compares with the previous three.